Pursuant to the CARES Act, many employers took advantage of the ability to defer payment of the employer portion of certain social security taxes that were otherwise due during 2020. Some have asked questions about whether...more
Although some retirement plan recordkeepers and third-party administrators (TPAs) have reached out to plan sponsors on decisions regarding the optional provisions of the CARES Act, e.g., coronavirus-related withdrawal and...more
1. Consider applying for the PPP-
I listed this first because it is generally the best program, and it is time-sensitive: FAQ: CARES Act SBA Loan Programs - Paycheck Protection Program (PPP). Good news, we are starting to...more
It’s been a hectic three weeks of pretty much non-stop developments and activity, so I thought it might help to lay out a checklist of ESOP-related issues we’ve been discussing with many of you during the COVID-19 crisis. If...more